PENSION: OSSG Organises Pre-Retirement workshop for Intending retirees

PENSION: OSSG Organises Pre-Retirement workshop for Intending Retirees.

BY OPE BELLO

Osun State Government, through the Bureau of Public Service Pension, has organised a day sensitization programme for intending retirees, under Contribution Pension Scheme in the State.

The event was geared towards cascading the right information about the contributory pension scheme to public servants in the State who are due for retirement.

The Workshop was declared open by the State Head of Service Mr. Ayanleye Aina, who said it would make life after retirement remarkable for the prospective retirees.

Ayanleye stated that Pension Desk Officers were invited for the training programme in order to boost their capacities on sound and workable retirement plan ahead of retirement.

In his remarks, the Permanent Secretary Osun State Bureau of Public Service Pension, Mr. Bayo Raji, noted that the event was organized in the interest of intending retirees in order to keep them abreast of the pension payment process upon retirement.

Raji appreciated all the facilitators from different Pension outfits, promising to continue to organize the sensitisation workshop for intending retirees.

Also speaking at the event, the Facilitator, Aroyehun Oluwakemi, Head of Business Development (South) Veritas Glanvills Pension, who explained that access to the right information is key for every intending retiree, asserted that: “Since retirement is inevitable for all workers, getting the right information to prospective retirees is key.”

Also speaking, Sodipe Bababunmi, Group Head Benefits and Administration, Lead way Pension observed that, “the previous scheme had too many issues such as lack of transparency, no uniform parameter, irregular payment of contribution by some administrators, resulting in insurmountable backlogs and arrears that were detrimental to these senior citizens whose survival,most times, is dependent on their retirement benefits”.

He further explained how to use CPS as a collateral for mortgage and many other benefits of the scheme.

Prior to this time, many public servants were sparsely aware of the mechanism of the Contributory Pension Scheme (CPS) and its inherent benefits. Some were skeptical and circumspect of their respective Pension Fund Administrators (PFAs).

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